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Our Tri-Cities real estate market updates are unlike any you’ll find from another source. Every month, we track ONLY the sales and listing activity in Kennewick, Pasco, Richland, West Richland, Benton City, and Burbank.
Other sources get their data from our local Realtors® Assn., which includes sales and listings in Basin City, Connell, Eltopia, Kahlotus, Mesa, Paterson, Plymouth, and Wallula. No disrespect intended, but we don’t think what’s happening in those towns has any impact on our Tri-Cities real estate market.
All of which is to say…if you’re looking for LOCAL Tri-Cities housing market information, you’ve found it.
By Cari McGee
While headlines across the country talk of scarce inventory, the Tri-Cities is again going against the grain. Locally, the number of homes for sale has gone up three straight months — even while the number of homes…
By Cari McGee
The increase in activity that we usually see in March/April may have finally begun in May. And even with mortgage rates still hovering around 7%, there are some good signs for buyers in the current Tri-Cities housing…
By Cari McGee
After a spike in activity that we reported in last month’s update, the housing market settled in this month. Inventory went up a bit, while the number of homes sold dropped a bit. And Tri-Cities home prices…
By Cari McGee
Things you can count on every Spring in the Tri-Cities: warmer temperatures, windy days, the start of minor league baseball, and a big jump in real estate activity! We had 274 homes sell in March, a 43%…
By Cari McGee
Despite what the national headlines might be telling you about today’s housing market, here in the Tri-Cities things are doing just fine. Based on our numbers these past couple months, we’re not seeing sellers sitting on the…
By Cari McGee
It’s no surprise that January was a pretty slow month in the Tri-Cities real estate market. Only 175 homes closed last month, which is the lowest we’ve seen since we began tracking the market in 2018. Based…
By Cari McGee
It’s always fun to put together the January market report every year, because this is the report that sets the tone for the next 12 months. It’s the one we’ll often use to compare future reports. Unfortunately,…
By Cari McGee
The Tri-Cities housing market continues to shift closer to what we consider a balanced market. When we did our snapshot last week, there were 708 homes for sale (AKA “inventory”). Combine that with the 220 homes that…
By Cari McGee
It’s nice when our monthly market graphic has some symmetry to it, and this month’s sure does! The top line, showing active listings, is almost all green — showing consistent increases in homes for sale. And the…
By Cari McGee
Wondering where home prices are headed next year? Some of the real estate industry’s foremost forecasters have weighed in, and the general consensus is that prices will go up in the new year but at a slower-than-usual…